Document: Coalition Letter Opposing Donut Hole Change

Dear Leader McConnell, Leader Schumer, Speaker Ryan and Leader Pelosi: We are writing to urge you to preserve the actions Congress took in the Bipartisan Budget Act (BBA) of 2018 to protect seniors and taxpayers from out-of-control drug prices. Over the past five years, drug manufacturers have increased the prices of brand name drugs at 10 times the rate of inflation – creating a health crisis that leaves one in four Americans unable to afford the medications they need. Now, more than ever, it is critical that Congress keep in place the important policies enacted in the BBA that help lower high out-of-pocket prescription drug costs, particularly for those facing the highest cost burdens. As such, we urge you to stand with Medicare beneficiaries and taxpayers to resist any attempts from the pharmaceutical industry to undo these critical reforms.